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Forecasts point to stable inflation, weaker core CPI Upside surprise is likely, as business indicators point to higher prices US economy has a blockbuster performance The US economy has left analysts speechless. Although the Fed has raised interest rates to the highest in four decades, the economy kept growing at a healthy pace in the last quarter […]

The post Will January’s US CPI Inflation Be a Game Changer? appeared first on Action Forex.

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26/06/2024

USDJPY Flirts With 160 Level Again

USDJPY trades with weak momentum slightly below critical 160 level Overbought conditions detected; sellers wait below 158.35-159.00 BoJ intervention is possible; US core PCE inflation due on Friday at 12:30 GMT Following a constructive week, USDJPY is now hovering just below its 34-year high of 160.20, having surpassed April’s limit of 158.34 and a crucial resistance […]
16/01/2024

Canadian Dollar Lower Ahead of CPI Data

Canada’s inflation rate expected to rise to 3.4% Inflation expectations for businesses ease The US dollar has posted gains against all of the major currencies on Tuesday. In the European session, USD/CAD is trading at 1.3494, up 0.50%. January hasn’t been kind to the Canadian dollar, which is down 1.8% this month against the greenback […]
27/03/2024

Gold: Suspicious Storm of $2200

Gold breached the $2200 mark for the second time in history on Tuesday before retreating to $2182 in early US trading. Cryptocurrencies are trading in the same direction as gold today, but silver, platinum and copper are failing to make similar gains, causing some unease. Gold’s break above $2195 tested the rally high from late […]